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Videos and Articles

Ongoing updates to Coronavirus: Financial reporting considerations

Ongoing updates to Coronavirus: Financial reporting considerations

Our coronavirus white paper has been updated for financial reporting matters related to the Consolidated Appropriations Act, 2021.
Deferred tax asset valuation allowance

Deferred tax asset valuation allowance

Our article discusses weighting evidence in discerning whether a valuation allowance should be recognized for deferred tax assets.
Retirement plans under the Consolidated Appropriations Act, 2021

Retirement plans under the Consolidated Appropriations Act, 2021

The Act does not lengthen CARES Act COVID plan relief, but offers relief for non-COVID disasters, partial terminations and pension plans.
The Consolidated Appropriations Act, 2021

The Consolidated Appropriations Act, 2021

On December 27, 2020, the President signed the Consolidated Appropriations Act, 2021 into law. In this video, we cover the major provisions of the $900 billion stimulus relief package included in the spending bill.
Possible extension of TDR and CECL relief provided by CARES Act

Possible extension of TDR and CECL relief provided by CARES Act

Potential extension of the financial reporting relief related to TDRs and CECL provided to certain financial institutions in the CARES Act.
FASB proposes goodwill impairment triggering event alternative

FASB proposes goodwill impairment triggering event alternative

FASB proposes a goodwill impairment triggering event alternative for certain private companies and not-for-profit entities.
COVID-19 relief Act extends and improves many credits and incentives

COVID-19 relief Act extends and improves many credits and incentives

The 2021 Consolidated Appropriations Act passes Congress and includes many extended and improved tax credits and incentives.
A business guide to the December coronavirus relief package

A business guide to the December coronavirus relief package

The package provides additional funding for the Paycheck Protection Program and allows certain borrowers to draw second round of PPP funding
PPP Loan Forgiveness and Tax Planning

PPP Loan Forgiveness and Tax Planning

Recent guidance from the IRS concerning PPP loan expense deductions may have a significant effect on when you apply for forgiveness and how to maximize your loan forgiveness amount. In this video, we will share the latest IRS guidance on expense deductions, their potential impact on the amount of forgiveness you may receive, and some basics of the loan application process.
Directors reflect on how a vaccine and the election will shape 2021

Directors reflect on how a vaccine and the election will shape 2021

After the US presidential election and looking ahead to a new year, most companies are still wondering when the world will return to normal.
Changing landscape of pandemic relief for health care providers

Changing landscape of pandemic relief for health care providers

If health care providers can’t support the receipt of pandemic relief funds, there will be significant questions about their sustainability.
Tax Policy Now: Year-end tax planning and Paycheck Protection Program

Tax Policy Now: Year-end tax planning and Paycheck Protection Program

PPP borrowers cannot deduct business expenses funded by a forgiven loan, but additional legislative action could permit such deductions.
PPP borrowers may need to extend returns and forgiveness applications

PPP borrowers may need to extend returns and forgiveness applications

PPP borrowers, especially fiscal year taxpayers, should consider extending tax returns and delay loan forgiveness filing (unless necessary).
GASB proposes implementation guidance

GASB proposes implementation guidance

The GASB recently released a proposed implementation guide to address a wide array of practice issues related to GASB Statements.
COVID-19: Clarification on interagency statement on loan modifications

COVID-19: Clarification on interagency statement on loan modifications

Clarifications have been provided on the interagency statement on loan modifications for customers affected by COVID-19.